St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-25

A RTICLES OF INCORPORATION OF THE
II st. Paul Belt Railroad Comparative,
the undersigned, do hereby associate our
selves together for the purpose of forming,
creating and organizing corporation pursu-
ant OF the provisions of chapter 81, OF the
General Statutes of the State OF Minnesota
and the several acts amendatory thereof, and.
do hereby adopt and sign the following
articles of incorporation:
First-The name of said corporation is and
shall be the ''St. Paul Belt Railroad Com
pany..'
The general nature of the business of said
corporation shall be to construct, maintain
and operate the railroads hereinafter men
toned for public use in the conveyance of
persons and property, to-wit:
A line OF railway of standard gauge with
one or more tracks extending from con-
yenient point Of junction with the tracks of
the ST. Paul Union Depot company at or near
the center Of Third Street, IN the city of st.
Paul, according to the recorded plat thereof;
thence upon the most feasible route, in a
general northerly and northwesterly direc-
non, TO point OF junction with the
so-ealled Minneapolis, Sault Ste. Marie g.
Atlantic railway, hereafter to be located,
within the town Of White Bear, so-called,
together with one branch from such line ex-
tending in an easterly direction to q point Of
Junction with the so-cailed Minnesota, st.
Croix q Wisconsin railroad in the town of
New Canada, and another branch extending
from such line III general westerly direc-
ton from some convenient point therenpon,
hereafter to be located, TO point of juno
ton with the tracks and property of the
Minnesota Transfer Railway company, so
severaily and respectively within the county
OF Ramsey and State of Minnesota. =
Also line OF railway of standaie
gauge aa,, with tn one OF more tracks
extending from some convenient point
upon the Minnesota &c Northwestern
railroad. so called, hereafter to be located,
within the county of Ramsey or the county
of Dakota in said State of Minnesota, thence
upon the most feasible route in general
westerly and nofthwesteriy direction, TO
point of junction with the tracks Of the Chi
cago, Milwaukee & st. Paul Railway COM
pany and the Minneapolis d ST. Louis Rail-
way company and the Minneapolis & Pacific
Railway company and the Minneapolis
Eastern hallway company, at or near the
c1ty OF Minneapolis, SO called, within the
county Of Hennepin and State OF Minnesota.
The principal place of tranSacting the bust
ness of said corporation shall be and is here
by established and located at the city OF
Saint Paul in the State of Minnesota.
Second-The time Of commencement Of
said corporation shall be and is the date of
the completed filing, recording and publica-
ton OF these articles, and said corporation
shall continue for a period Of fifty years
from and after said time.
Third-The amount Of capital stock of said
corporation IS one million five hundred
Thousand (Sl SOC, 600 dollars. and the.
same shall be paid in when, and as, and in,
such manner as the board of directors may
by resolution require, subject to the proyiS
SlonS or law In that behalf.
FourtirThe highest amount OF indebted
ness or liability to which said corporation.
shall at any time be subject is FIVE million
(S5, 900, 900 dollars.
Pifth-The names and places of residence.
| OF the persons forming this association for
! Incorporation are as follows: Edmund Rice
Jr, residing at st. Paul, Minnesota; Williams
u. CASTOR, residing at st. Paul, Minnesota :.
William Dawson, Jr., residing at St Paul.,
Minnesota; John II. Morrison, residing at
| st. Paul, Minnesota; Edwin a. Jaggard re-
| siding at st. Paul, Minnesota.
SIxth-The names of the first board of
William G. CASTOR, William Dawson. Jr, =
| John H. Morrison and Edwin A. Jaggart
The government OF the corporation and the
management OF its affairs shall be vested in
| board OF directors, FIVE {5) in number, who
| shall be chosen by the stockholders at the
annual meeting of the corporation held
| upon such day in each year as shall from
| time to time be designated by the bylaws of,
the corporation. Only stockholders shall be
| eligible to be directors.
/ The board of directors shall, at their first
| meeting, elect president, vice president, secj
rotary and treasurer, who shall SeyeraIly and
respectively perform such duties as are
| usually performed by like officers Of similar
| corporations, as well as special duties from
time to time assigned to them by the board
of directors.
The board Of directors shall have all the,
power and authority in and about the man.
| agement of the affairs of the corporation now
vested or nefedfter TO be vested IN similar
bodies by the laws of Minnesota now in force
or hereafter to be established. each directori
| shall hold his Office until his successor is
| elected and qualified. All officers of thei
| corporation shall be stockhelders
Seventh-The number of shares of thee
| capital stock of the ST. Paul Belt Railroad;
company is fifteen thousand Q5,GO0) and
each share is and shall be of the par value OF
one hundred (S100) dollars.
In witness whereof, the persons forming
this association for incorporation of the ST
Paul Belt Railroad company have hereuntos
| each for himself, set their hands and seals
this thirteenth Q3thl day of June in thes
| year of our Lord one thousand eight hundred
| and eighty seven.
EDMUND RICE, Jr. [Seal Z
WILLIAM G. CASTOR, fSeal r
| WILLIAM DAWSON, Jr., fSeai L
JOHN II. MORRISON, fiscal. +
| EDWIN A. JAGGARD. fSeal
Signed and sealed in the presence of:
| ROBERT G. MACKAY,
ERNEST PETERSON.